First Mining Gold (TSE:FF) Hits New 52-Week Low – What’s Next?

First Mining Gold Corp. (TSE:FFGet Free Report)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$0.12 and last traded at C$0.12, with a volume of 1671787 shares trading hands. The stock had previously closed at C$0.13.

Analysts Set New Price Targets

Separately, Haywood Securities upgraded First Mining Gold to a “strong-buy” rating in a research note on Friday, March 21st.

Check Out Our Latest Research Report on First Mining Gold

First Mining Gold Stock Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.01 and a current ratio of 1.30. The company has a market cap of C$132.44 million, a price-to-earnings ratio of -2.79 and a beta of 0.99. The company’s fifty day moving average is C$0.13 and its two-hundred day moving average is C$0.13.

Insider Transactions at First Mining Gold

In related news, Director Keith Neumeyer bought 250,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were purchased at an average cost of C$0.12 per share, with a total value of C$30,000.00. Company insiders own 4.18% of the company’s stock.

About First Mining Gold

(Get Free Report)

First Mining Gold Corp. engages in the acquisition, development, and exploration of mineral properties in Canada. It primarily explores for gold and silver deposits. The company holds interests in the Springpole Gold Project located in northwestern Ontario; Duparquet Gold Project, located on the destor-porcupine fault zone in the Abitibi region of Quebec, Canada; and the Cameron Gold Project located approximately 80 km southeast of Kenora in northwestern Ontario.

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